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BTC: highs move down
2023-04-13
1027
Fundamental analysis:
Bitcoin remained volatile around 29960. At the Web3 Hong Kong Carnival Summit held today, Chen Jiaqi, Assistant President (Money Management) of the Hong Kong Monetary Authority, said in his keynote speech that we not only shoulder the role of regulators of the virtual asset industry, but also actively promote industry development. We hope to work together in an open and mutually beneficial manner to advance the development of Web3.
Bitcoin BTCUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level short momentum is slowly finishing and moving down, and the market is shrouded in bearish sentiment. In the short term, it will continue to move slowly downward.
Resistance level: 30334 30601
Support level: 29762 29525
Trading strategy: bearish below 30075, target 29762 29525
Alternative strategy: call above 30072, target 30334 30601
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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